Mandalay Resources (TSE:MND) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Mandalay Resources Corp. (TSE:MND)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.61 and traded as high as C$4.73. Mandalay Resources shares last traded at C$4.71, with a volume of 44,922 shares changing hands.

Mandalay Resources Stock Performance

The stock has a market cap of C$311.94 million, a PE ratio of 10.37 and a beta of 0.43. The company has a debt-to-equity ratio of 2.46, a current ratio of 2.00 and a quick ratio of 0.89. The stock has a 50-day simple moving average of C$4.34 and a 200-day simple moving average of C$3.61.

Insider Transactions at Mandalay Resources

In related news, Director Bradford Mills sold 400,000 shares of Mandalay Resources stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$4.30, for a total transaction of C$1,720,000.00. Company insiders own 1.68% of the company’s stock.

Mandalay Resources Company Profile

Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, processing, and reclamation of various mineral properties. It explores for gold, silver, and antimony deposits. The company holds a 100% interest in the Costerfield gold-antimony mine covering an area of 7,540.78 hectares (ha) located in Central Victoria, Australia; and the Bjorkdal gold mine that comprises 9 mining concessions and 19 exploration permits located in Vasterbotten County in northern Sweden.